Mallya offers to return 100% of public money

Thursday, December 06, 2018

Fugitive liquor tycoon Vijay Mallya yesterday said his extradition from the UK to India will take its own legal course, while offering to pay back 100% of "public money".

Mallya, who has been fighting a legal battle against his extradition to India, claimed that he has been falsely dubbed as a "defaulter" by politicians and media. "I see quick media narrative about my extradition decision. That is separate and will take its own legal course," he said in a series of tweets.

In September, a UK court had fixed December 10 as the date to deliver its verdict on whether beleaguered liquor baron can be extradited to India to face charges of fraud and money laundering amounting to around Rs 9,000 crore.

He further said, "The most important point is the public money and I am offering to pay 100% back. I humbly request the banks and government to take it. If payback refused, WHY (sic)," he added. Mallya, who fled to the UK in March 2016, is wanted in India over default of Rs 9,000 crore that was loaned to Kingfisher Airlines (KFA) by several banks.

Aries (Mar 21 - Apr 20)You are likely to remain careful and watchful today, foretells Ganesha. And because you'll be invited to parties and other social events, your enthusiasm will remain buoyant. You will also strike the right balance between business and pleasure, says Ganesha.